INGRAM-RICHARDSON, INC. v. COMMISSIONER

Docket No. 2079-69.

31 T.C.M. 779 (1972)

T.C. Memo. 1972-157

Ingram-Richardson, Inc. v. Commissioner.

United States Tax Court.

Filed July 27, 1972.


Attorney(s) appearing for the Case

Hugh Calkins, Wallace M. Wright and John L. Sterling, 1750 Union Commerce Bldg., Cleveland, Ohio, for the petitioner. Larry L. Nameroff, for the respondent.


Memorandum Findings of Fact and Opinion

HOYT, Judge:

Respondent determined deficiencies in the income tax of petitioner's transferor in the amount of $5,087.44 for the taxable year 1962 and in the amount of $170,390.61 for the taxable period January 1, 1965 to November 17, 1965.

This proceeding involves the liability of petitioner as transferee of assets of the transferor.

Certain concessions have been made by the parties, and the only remaining...

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